Ford (F) expands workforce at Wayne facility to meet demand; reduces F-150 lightning production

Midday movers: Super Micro Computer, PayPal and more

January 19, 2024 8:19 AM EST

(Updated - January 19, 2024 11:44 AM EST)

Investing.com -- Main U.S. indexes rose on Friday, with positive sentiment in the tech sector boosting the main indices as the earnings season continues.

Here are some of the biggest U.S. stock movers today:

Macys (NYSE: M) stock fell 3.1% after the Wall Street Journal reported that the department store chain is set to reduce headcount and shutter locations in a bid to cut costs and streamline its business.

Ford (NYSE: F) stock rose 0.5%... More

Ford cuts F-150 Lightning production as EV demand softens

January 19, 2024 7:42 AM EST

By David Shepardson and Nathan Gomes

(Reuters) -Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.

The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts at the Michigan plant that builds the electric F-150 Lightning pickup truck.

"We are taking advantage of our manufacturing flexibility to offer customers choices while balancing our growth and... More

Ford Adds Third Crew to Meet Demand for Bronco and Ranger, Reduces F-150 Lightning Production

January 19, 2024 7:38 AM EST

(Updated - January 19, 2024 7:41 AM EST)

Ford Motor Company (NYSE: F) announced plans to create nearly 900 new jobs as part of a new third crew at Michigan Assembly Plant in Wayne to meet demand for the popular Bronco and Bronco Raptor and the all-new Ranger and Ranger Raptor.

The company is moving nimbly across its global footprint to capitalize on its balanced lineup and serve customers with the right mix of gas-powered, hybrid and electric vehicles, while optimizing financial returns.

In addition to nearly 900 net... More

Tesla, Ford among the most shorted stocks in 2023 - Hazeltree

January 18, 2024 8:03 AM EST

By Nell Mackenzie

LONDON (Reuters) -Hedge funds took the most bets against auto companies Tesla, Ford, and communications company Charter Communications in the United States last year, a report by data firm Hazeltree said on Thursday.

A short bet expects a company's stock price to decline.

These three firms, the most shorted U.S. large cap stocks, also featured in the top three... More

Ford (F) slumps in pre-market as UBS downgrades automaker to Hold

January 17, 2024 9:01 AM EST

Shares of F were down by more than 2% in pre-market trading Wednesday morning as UBS downgraded the Detroit automakers shares to a Hold rating (From Buy) after seeing the stock as more fairly valued.

We see more limited upside to estimates over 2024 and 2025 than prior. Wrote UBS analysts in a... More

Midday movers: Tesla, Boeing, Rivian and more

January 17, 2024 8:11 AM EST

(Updated - January 17, 2024 11:45 AM EST)

Investing.com -- Main U.S. indexes slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.

Here are some of the biggest U.S. stock movers today:

Walt Disney (NYSE: DIS) stock fell 1.6% after the entertainment giant rejected nominees to its board of directors put forward by activist investors, saying the current leadership team has made "considerable" progress in executing a sweeping overhaul of the company.

Tesla (NASDAQ:... More

Ford Motor (F) Declines 2.2% After Downgrade

January 17, 2024 8:10 AM EST

Ford Motor (NYSE: F) Declines 2.2% After Downgrade

Earlier UBS downgraded Ford (NYSE: F) from Buy to Neutral with a price target of $12.... More

UBS Downgrades Ford (F) to Neutral on Valuation

January 17, 2024 2:28 AM EST

(Updated - January 17, 2024 8:13 AM EST)

UBS analyst Joseph Spak downgraded Ford (NYSE: F) from Buy to Neutral with a price target of $12.00.

The analyst comments "We are downgrading F to Neutral seeing the stock as more fairly valued. Our PT remains $12.... More